Culpeo Minerals

Exceptional, High-Grade Copper Intersected at Lana Corina - 298m @ 0.98% CuEq

Culpeo Minerals Limited (Culpeo or the Company) (ASX:CPO, OTCQB:CPORF) is pleased to announce that drilling has delivered an intersection of 298m @ 0.98% CuEq, from near- surface high-grade copper mineralisation at the Lana Corina Project (the Project)1 in Chile. The drillhole is ongoing and seeks to test the potential for further porphyry-hosted copper mineralisation at depth.


HIGHLIGHTS

  • The longest intersection of high-grade copper mineralisation achieved at Lana Corina (Figure 1, 2, 3 and Appendix B and C);
  • Diamond drillhole CMLCD014 returned 298m @ 0.98% CuEq from 90m and remains open at depth, with drilling ongoing;
  • Included two wide, higher-grade zones:
    • 78m @ 1.24% CuEq from 200m; and
    • 68m @ 1.14% CuEq from 320m.
  • Drilling continues with hole CMLCD014 currently at 700m; and
  • Assays remain outstanding for 242m of hole CMLCD014 with results expected in 2 to 3 weeks.

Culpeo Minerals’ Managing Director, Max Tuesley, commented:

“This intersection is exceptional in terms of both length and grade, clearly demonstrating that the Lana Corina geological system is something very special. Results returned to date confirm the longest ever mineralised intersection at the Project. Importantly, these results represent just the upper 388m of the hole. Drilling is ongoing with the hole currently at a downhole depth of 700m. The extensive and rich mineralisation intersected so far, supports our strategy that additional drilling will lead to substantial increases in the Project’s scale. This is an exciting time for both our Company and our Shareholders, with what is emerging as a significant copper system in the Coastal Cordillera of Chile.”

Figure 1: Example of high-grade copper mineralisation in hole CMLCD014, 2.71% CuEq (256m to 258m).

Figure 2: Cross-section through the Lana Corina Project showing position of diamond drill hole CMLCD0142,3,4,5,6 (looking south-west with a 40m wide clipping plane).

LANA CORINA DRILLING PROGRAM

This drill program at Lana Corina7 is focused on expanding the western and down-dip extension of previously reported high-grade copper and molybdenum mineralisation. Hole CMLCD014 is designed to test the current understanding of a revised geological model at Lana Corina and seeks to extend the near surface, high-grade breccia hosted mineralisation to the west and porphyry hosted copper-molybdenum mineralisation at depth.

Results returned from the first 388m of hole CMLCD014 confirms a copper-molybdenum intersection of 298m @ 0.98% CuEq from 90m to 388m. This represents the longest, continuously mineralised intersection in the Project’s history. The consistency of the 298m breccia intersection supports the current geological model and demonstrates the potential to expand the scale of the near surface, high-grade breccia zone. A further 242m of core has been submitted for analysis, with results remaining outstanding.


Click here for the full ASX Release

This article includes content from Culpeo Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce the staking of 9 mineral claims covering 15,453 hectares (approximately 154 km²) in the northern Bear Lake Corridor of British Columbia . The JJB Property is named in honour of Finlay's Founder, John J. Barakso who was an early advocate for the potential of the Bear Creek Corridor.

Figure 1. New JJB Property location and expanded SAY Property boundary. (CNW Group/Finlay Minerals Ltd.)

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SAY PROPERTY:

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References:

*

Refer to finlay minerals ltd. News Release # 11-24 dated October 3, 2024 entitled: " Finlay Minerals has completed its Inaugural Field Program at the High-Grade Copper-Silver SAY Property " available on SEDAR at www.sedarplus.ca.

Qualified Person:

Wade Barnes , P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

About finlay minerals ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits with five 100%-owned and operated properties in northern British Columbia . In addition to the JJB & SAY Properties, the Company holds the:

  • PIL Property , which covers 13,374 ha in the heart of the Toodoggone region, has numerous porphyry Cu-Au ± Ag targets and associated epithermal Au-Ag mineralization. Exploration on the PIL Property is fully funded for 2025 with the signing of an Earn-In-Agreement with Freeport-McMoRan (Refer to news release FYL NR03-25 entitled: "Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties ". ) The PIL is neighboured by Amarc Resources and Freeport-McMoRan's joint venture JOY Project and TDG Gold Corporation's Shasta/Baker and Sofia Properties. The PIL Property is also 25 km northwest of Centerra Gold's past-producing Kemess South Mine and 15 km east of Thesis Gold's Lawyers Project.

  • ATTY Property covers 3,875 ha of sub-alpine terrain in the southern Toodoggone region. Exploration on the ATTY Property is also full-funded for 2025 with the signing of an Earn-In-Agreement with Freeport-McMoRan in April 2025.The Toodoggone is a northwest-trending belt of Triassic to Jurassic arc terranes that hosts numerous significant porphyry Cu-Au ± Ag and associated epithermal Au-Ag deposits. The ATTY Property is in between and contiguous to Centerra Gold's Kemess Project and the joint-venture JOY Project held by Amarc Resources and Freeport-McMoRan. The ATTY Property KEM target has similarities to the Kemess North Trend, which hosts the Kemess Underground and Kemess East deposits.

  • Silver Hope Property covers 21,322 ha and surrounds the past-producing Equity Silver Mine in the prospective Skeena Arch region of central B.C. The Silver Hope contains the Main Trend which is a >2 km Cu-Ag-Au mineralized trend with mineralization starting at surface.  West of the Main Trend is the West Cu-Mo Porphyry which is also mineralized starting from surface. The Property hosts a network of forestry roads and trails and has all-year access from Houston, BC .

Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown
President, CEO & Director

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements.  Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the JJB and SAY Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE finlay minerals ltd.

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